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Economic Outlook

Fidel Castro’s Cuba vs Lee Kuan Yew’s Singapore: A Tale of Two Economies

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Posted by Frank Holmes - US Global Investors

on Wednesday, 30 November 2016 07:51

On Friday, November 25, Fidel Castro died at age 90. The former revolutionary and hardline dictator of Cuba was among the 20th century’s longest-serving leaders, third only to Elizabeth II and Bhumibol Adulyadej, the King of Thailand, who passed away in October.

Castro’s death comes at a pivotal moment in U.S.-Cuban relations. With trade between the two countries on the path to normalization, and with U.S. airlines making scheduled flights to Havana for the first time in more than 50 years, President-elect Donald J. Trump has pledged to reinstate many of the Cold War embargos that were lifted by President Barack Obama.

“If Cuba is unwilling to make a better deal for the Cuban people, the Cuban/American people and the U.S. as a whole, I will terminate deal,” Trump tweeted on November 28.

In light of Castro’s passing, we are rerunning this Frank Talk from March 2015, in which Frank compares and analyzes the widely divergent economies of Cuba and Singapore under their now-deceased leaders, Castro and Lee Kuan Yew. 

Lee-Kuan-Yew-Fidel-Castro 03252015

It would be nearly impossible to find two world leaders in living memory whose influence is more inextricably linked to the countries they presided over than Cuba’s Fidel Castro and Singapore’s Lee Kuan Yew, who passed away this Monday at the age of 91.



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Economic Outlook

Consumer Confidence Rebounds in November

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Posted by Jill Mislinski via Advisor Perspectives

on Tuesday, 29 November 2016 07:01

557a3e141676a6f061683c1eecfc01fcThe latest Conference Board Consumer Confidence Index was released this morning based on data collected through November 15. The headline number of 107.1 was an increase from the final reading of 100.8 for October, an upward revision from 98.6. Today's number was above the Investing.com consensus of 101.2.

Here is an excerpt from the Conference Board press release.

"Consumer confidence improved in November after a moderate decline in October, and is once again at pre-recession levels," said Lynn Franco, Director of Economic Indicators at The Conference Board. (The Index stood at 111.9 in July 2007.) "A more favorable assessment of current conditions coupled with a more optimistic short-term outlook helped boost confidence. And while the majority of consumers were surveyed before the presidential election, it appears from the small sample of post-election responses that consumers' optimism was not impacted by the outcome. With the holiday season upon us, a more confident consumer should be welcome news for retailers."                                                                          Click for larger charts

Putting the Latest Number in Context

....continue reading HERE

....also:

Look what’s happening to Treasuries



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Economic Outlook

ECB Warns There Is "Significant Risk Of Abrupt Market Reversal"

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Posted by ZeroHedge

on Thursday, 24 November 2016 08:54

One week after the BIS issued an unexpectedly stern, if completely ignored warning, that the surge in the USD is leading to an abrupt tightening in financial conditions around the globe, making the repayment of trillions in USD-denominated cross-border debt increasingly more difficult and suggesting that the Dollar index itself is the new "fear indicator", overnight another central bank, the European Central Bank warned that the risk of "abrupt" global asset market corrections "have intensified" on the back of rising political uncertainty, posing a threat to banks, stability and economic growth.

ECB FSB chart 1 0

 

....read more HERE

...related:

As The Monetary Madness Continues, What Is Happening Is Stunning…



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Economic Outlook

The De-porter in Chief

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Posted by MIchael Campbell

on Monday, 21 November 2016 07:03

This weeks shocking stat: With all the outrage about Donald Trumps plans to de-port criminals, there is a President that has de-ported more in 8 years than all Presidents to date. The numbers are in the millions. Care to guess who?

....Michael's featured guest Dr. Michael Berry PhD: The Fed is Throwing Up Its Hands

Most-2010-deportees-were-criminals-T1G1OAO-x-large



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Economic Outlook

This Week In Geopolitics: Russia, the United States, and Donald Trump

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Posted by George Friedman via Mauldin Economics

on Monday, 14 November 2016 14:56

Screen Shot 2016-11-14 at 1.48.34 PMThe US presidential campaign contained a constant undertone of Russia and President Vladimir Putin. Putin said nice things about Donald Trump, and Trump about Putin. In fact, there is a small faction of Trump supporters that admires Putin for being a strong leader and for his position on gay rights and other matters. They do not see him as a former communist, but rather as a defender of Western civilization.

The US also claimed that Russian intelligence tried to facilitate Trump’s election by hacking the emails of the Democratic National Committee and John Podesta, Hillary Clinton’s campaign chairman.

All of that is done now. Russia is Russia, the United States is the United States, and serious matters must be dealt with. To begin, we need to understand what real issues exist between the US and Russia. And at the heart of the matter is Ukraine.

The Russian view of what happened in Ukraine is that the US engineered an uprising in Kiev that drove out the legally elected government. The US says it did not engineer a coup, but it did support human rights activists opposed to a corrupt government in Ukraine. The Russian response is that the current government is no less corrupt.

The National Security Argument



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Economic Outlook

Chart: The End of World Poverty is in Sight

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Posted by Visual Capitalist

on Friday, 11 November 2016 14:19

The Number of People in Extreme Poverty Has Been Cut In Half Since 1990.

Could An End To World Poverty Be Near?

One particular area that is fascinating to look at is poverty.

In absolute terms, the total amount of people living in extreme poverty peaked in 1970 when 2.2 billion of the world’s 3.7 billion people lived on less than $1.25 per day.

Today, in an astonishing reversal, only 0.7 billion of 7.3 billion people are below this poverty-line worldwide. 

Click on Image or HERE For Much Larger View

Screen Shot 2016-11-11 at 1.32.18 PM



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Economic Outlook

Media's 'primal scream' is heard round the world

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Posted by Dan Gainor via Fox News

on Wednesday, 09 November 2016 13:19

1478678963622Trumps Triumph:

No, America, that wasn’t an earthquake. That was a media scream that registered 11 on the Richter scale as Republican Donald Trump defied media demands and went on to win the presidential election in the early hours of Wednesday morning. Hillary Clinton called Donald Trump to concede.

A nearly unanimous media failed to carry the unpopular Hillary across the finish line. Once again, America rejected the liberal Democrat. Advil set the tone early with a comment: “Politics giving you a #migraine? Advil® Migraine is the best candidate for pain relief.” CNN commentator David Axelrod called it a “primal scream.” ABC’s Terry Moran called it “a rejection of the neoliberal world order that has been the consensus around the world.” CNN commentator and former Obama green jobs czar Van Jones called the election a “White-lash against a changing country.”

When it appeared that Hillary would not concede, after campaign chairman John Podesta appeared before her supporters in Manhattan and told everyone to go home and get some rest, even some in media criticized her. USA Today Washington correspondent Paul Singer was typical: “Stunned that @HillaryClinton did not concede. If @realDonaldTrump pulled that, people would go bananas.”



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